Fugro sets up Taiwanese entity to support offshore wind growth

Fugro has established Fugro IOVTEC, a Taiwanese entity to support ongoing business expansion in the offshore wind farm market in Taiwan.

Fugro has been actively supporting the renewables market in Taiwan since 2016 under a Memorandum of Understanding (MOU) with IOVTEC.

The creation of Fugro IOVTEC formalizes Fugro’s presence in the country to optimize its renewables growth strategy.

The Fugro IOVTEC office will be established in the coming months and an in-country soils laboratory will be set up to service its renewables client base.

“IOVTEC has a wealth of experience in hydrographic and bathymetric surveys in Taiwan, and has been delivering offshore wind services since the country’s first milestone project in 2016. In response to government’s localization plan, IOVTEC developed a fleet of seven Taiwan-flagged vessels and an experienced team of local crew and surveyors. Combining IOVTEC’s local capabilities with Fugro’s global offshore wind experience creates the ideal solution for Taiwan’s rapidly developing offshore wind sector.”

Vincent Tsai, CEO of IOVTEC.